US Treasury debt reaches $39 trillion, Cynthia Lummis pushes for Treasury to purchase 1 million BTC within 5 years

Odaily Planet Daily News The total U.S. national debt exceeded $39 trillion in mid-March, with publicly held debt surpassing $31 trillion. The Congressional Budget Office projects a deficit of $1.9 trillion for fiscal year 2026, and public debt is expected to rise to $56 trillion by 2036. Senator Cynthia Lummis is promoting the BITCOIN Act, which proposes requiring the U.S. Treasury to purchase up to 1 million BTC within 5 years and hold them for at least 20 years. There is currently no official confirmation of purchases. On June 16, Cynthia Lummis stated that her model calculates that such holdings could reduce the national debt by one-third to one-half, and she expects the Treasury to begin purchasing Bitcoin before the end of 2026. (Bitcoin.com News).